Mexico City (AFP) – Ford Motor Co. is sticking with its plan to build two new factories in Mexico, despite an announcement last month that it had scrapped plans for a plant in the central state of San Luis Potosi.
The US carmaker said a planned factory in the central state of Guanajuato will build engines and transmissions, while another in the northern city of Chihuahua will make car parts for use by Ford factories in the United States, South America and Asia.
The two facilities will cost about $2.5 billion and employ some 3,800 people, said Gabriel Lopez, president and CEO of Ford Mexico.
Ford without warning last month canceled plans to build a $1.6 billion project in San Luis Potosi.
It is one of several American companies coming under pressure from US President Donald Trump, who has offered inducements to keep some US manufacturers in the United States, and threatened others with punishing tariffs if they go.
Ford, which has been operating in Mexico for about 90 years, currently employs around 9,000 workers in Mexico, according to Lopez.
Source: (AFP) https://www.yahoo.com/
more recommended stories
FDI Jumps 19.6 percent in Mexico! Setting new Q1 record
MEXICO CITY, May 21 (Xinhua) —.
Mexico Is ‘Hostile Foreign Power’ (Tucker Carlson)
Tucker Carlson, an American conservative political.
American Airlines will fly to Cancun with a 787-8 Dreamliner
American Airlines announced recently that it.
Hip Hop and the Graffiti Art Scene Merida: Homage to the Yucatecan Mestizo
A few weeks ago, I reached.
Hermana República: an original gastronomic concept created in Mérida
Hermana República is the Yucatecan artisan.
Montana man seriously injured in Cancun, family seeks funding for surgery
According to KULR-8 News Staff, a family.
Real Estate prices rise in the north of Merida
The National Chamber of Housing Developers.
Free surgeries for children with cleft lip and palate in Yucatan
Alma’s son was born with a.
British legacy can be found in Hidalgo, Mexico
In the early 19th Century, Cornish.
Mexico deploys formidable deportation force near its own southern border
On the Suchiate River dividing Mexico.